Mason Street Advisors LLC grew its holdings in shares of Chefs’ Warehouse Inc (NASDAQ:CHEF) by 12.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,640 shares of the company’s stock after buying an additional 945 shares during the quarter. Mason Street Advisors LLC’s holdings in Chefs’ Warehouse were worth $348,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in CHEF. CAPROCK Group Inc. bought a new position in Chefs’ Warehouse in the 2nd quarter worth about $251,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Chefs’ Warehouse during the 2nd quarter worth $487,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Chefs’ Warehouse by 75.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,795 shares of the company’s stock valued at $133,000 after purchasing an additional 1,635 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of Chefs’ Warehouse in the 2nd quarter worth $2,234,000. Finally, AGF Investments Inc. lifted its holdings in shares of Chefs’ Warehouse by 44.1% in the 2nd quarter. AGF Investments Inc. now owns 310,784 shares of the company’s stock worth $10,899,000 after buying an additional 95,184 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:CHEF opened at $35.94 on Friday. The firm has a market capitalization of $1.09 billion, a P/E ratio of 46.08, a P/E/G ratio of 2.39 and a beta of 0.72. Chefs’ Warehouse Inc has a 1 year low of $29.56 and a 1 year high of $42.06. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.35 and a quick ratio of 1.47. The business’s 50-day moving average is $35.70 and its 200 day moving average is $36.10.
Chefs’ Warehouse (NASDAQ:CHEF) last released its earnings results on Wednesday, October 30th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $396.90 million during the quarter, compared to analyst estimates of $396.42 million. Chefs’ Warehouse had a net margin of 1.42% and a return on equity of 8.79%. Chefs’ Warehouse’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.19 earnings per share. On average, analysts expect that Chefs’ Warehouse Inc will post 0.99 EPS for the current year.
Several research firms recently weighed in on CHEF. CL King began coverage on Chefs’ Warehouse in a report on Monday, November 11th. They issued a “buy” rating and a $41.00 price objective for the company. Zacks Investment Research lowered Chefs’ Warehouse from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine raised Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, BidaskClub raised shares of Chefs’ Warehouse from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Chefs’ Warehouse presently has an average rating of “Buy” and a consensus target price of $37.77.
In other news, Vice Chairman John Pappas sold 44,757 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $36.61, for a total transaction of $1,638,553.77. Following the sale, the insider now owns 1,359,358 shares of the company’s stock, valued at approximately $49,766,096.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 15.90% of the company’s stock.
Chefs’ Warehouse Company Profile
The Chefs’ Warehouse, Inc, together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 55,000 stock-keeping units comprising specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.
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